...the world knows it, so why the need for a reminder?
...because there has been a discerning shift away that has resulted in a cause for concern.
...countries and institutions are gradually dumping their US Treasuries while Gold accumulation continues, replacing it as the go to safe haven of choice.
...the biggest mistake made was Elon Musk telling the world America is bankrupt, followed by acts of desperation by the US administration to 'plunder and extort' the world for its 'national interest' - America could have stayed bankrupt for longer as long as the rest of the world was willing to underwrite it. Any reset, while audacious, is stirring the hornet's nest leading to a premature end.
"America is the Schelling point of global finance. We have the world’s reserve currency, the deepest and most liquid markets, and the strongest property rights," Treasury Secretary Bessent has said. https://x.com/unusual_whales/status/1921354818624393709
